Tuesday, July 17, 2018

NJ Cuts $1,566,821 in State aid to Lakewood schools, BOE Takes it from Loan Repayments

BOE Holding a Special meeting today in closed session 
The State of NJ has notified the Lakewood school district  that state aid will be reduced for the coming year by $1,566,821. The school district can not increase taxes and must make cuts to its budget to make up for the shortfall. However on the BOE agenda for the upcoming meeting  it says  the district is in a deficit, there are no funds available and no where to cut.
The only option is to reduce appropriations for the 2018-2019 school year. The Board found funds available in the State Aid Loan Repayment line account that can be reduced in the amount of $1,566,821.  This will have no effect on staffing, programs or services.
This is no way a savings but only kicking the can down the road and this money will still have to be repayed.
See full resolution below



  2018-2019 STATE AID REDUCTION
WHEREAS, on July 13, 2018, the New Jersey Department of Education notified the
Lakewood Board of Education that State Aid for the 2018-2019 school year will be reduced
in the amount of $1,566,821 and;
WHEREAS, the New Jersey Department of Education provided guidance that districts with
reduced State Aid are not allowed to increase the General Fund Tax Levy to make up the
BOE Agenda: July 18, 2018 7
difference and;
WHEREAS, the New Jersey Department of Education provided guidance that districts with
reduced State Aid have only two options available, to appropriate additional Budgeted Fund
Balance or reduce appropriations for the 2018-2019 school year and;
WHEREAS, the New Jersey Department of Education has set a deadline for districts to
approve a plan to address the reduced State Aid no later than August 1, 2018 and;
WHEREAS, the School Business Administrator has determined that as the district is in a
deficit there are no funds available for Budgeted Fund Balance, therefore the only option is
to reduce appropriations for the 2018-2019 school year and;
WHEREAS, the School Business Administrator has determined that there are funds available
in the State Aid Loan Repayment line account that can be reduced in the amount of
$1,566,821 and;
WHEREAS, the School Business Administrator has determined that reducing the
appropriation in the State Aid Loan Repayment line account will have no effect on staffing,
programs or services and will ensure that the district can provide a Thorough and Efficient
education for all students and;
WHEREAS, a reduction to any other line account will cause a reduction to staffing, programs
and services and will preclude the district from providing a Thorough and Efficient
education for all students;
NOW THEREFORE BE IT RESOLVED, that the Lakewood Board of Education authorizes the
School Business Administrator to reduce the State Aid Loan Repayment line account in the
amount of $1,566,821 to equal the amount of reduced state aid for the 2018-2019 school
year and;
BE IT FURTHER RESOLVED, that the Lakewood Board of Education authorizes the School
Business Administrator to forward a copy of this resolution to the Ocean Executive County
Superintendent of Schools prior to the August 1, 2018 deadline.

15 comments:

  1. Keep on paying the transportation and FULL tuition to out-of-town schools, as in Brooklyn, Florida to name just a few and you will soon have no money to pay for YOUR basic bussing etc.

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    1. What are you talking about?! Can you explain yourself? You make no sense!

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    2. Please explain what you mean.

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    3. refuah sheleimah

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  2. Either they are totally incompetent or they just don't care. How does a bloc vote like ours constantly get ignored? Can anyone point to a single state legistlative success that we have had in the last ten years?

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    1. Harold HerskowitzJuly 17, 2018 at 1:01 PM

      Of course. We continue to vote in Bob Singer and his happy coalition of corrupt politicians. I have explained this many times. When you are in the state legislature , you have a certain amount of chips you can cash in for favors. When you use those chips to change land use laws or to build stadiums, you dont have any left to help the town to fund schools , fix roads, or help develop businesses. We were told to vote in people that do favors for a select few. Now they used up their favors. KICK ME again.

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    2. Very valid point.
      What did singer get on a personal level by bringing the stadium to lakewood?

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    3. Harold HerskowitzJuly 17, 2018 at 6:20 PM

      What does any politician get on a personal level? The blue claws paid nothing towards the stadium. They paid 25000 a year rent and made a profit every year of 8 to 10 million . How do you think they thanked singer? How does singer have money to own a beautiful home by the beach? How does he afford his lifestyle? Off of our backs. The backs with the KICK ME signs.

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    4. I honestly believe if you wound change your approach of how you go about your klal work you would be able to accomplish so much for the town.

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    5. Why won't you post my other comment?
      Mr scoop

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  3. to: Anon -11:01, 11:04, 12:14

    They kept the comment up because its true.
    Do your homework and then let me know (if you can still type at that time - you'll be in shock for a while)

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    Replies
    1. no on knows what you're talking about and neither do you

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  4. Look out for more breaking news articles on the poop about the BOX
    fed by the board of ed attorney to justify the big salary.

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  5. His Salary is VERY justified if you just find out what it would cost the BOE if he is NOT the BOE attorney.
    Once again, you can't comment if you don't know whats going on. FIND OUT - then comment.

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  6. did anyone notice how it was reported as a cut to "transportation" while there is o mention of it specifically.

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